Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2023-08-22 00:00:00 ET · period of report 2023-08-18 · accession 0000876167-23-000161 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-22 | 2023-08-21 | PRGS | FOLGER ANTHONY | CFO | M - OptEx | $31.49 | +10.0K | 30.1K | +50% | +$314.9K |
| DM | 2023-08-22 | 2023-08-18+ | PRGS | FOLGER ANTHONY | CFO | S - Sale+OE | $58.88 | -12.5K | 20.1K | -38% | -$736.8K |
| D | 2023-08-22 | 2023-08-21 | PRGS | FOLGER ANTHONY | CFO | M - OptEx | $0.00 | -10.0K | 40.4K | -20% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-21 | M | A | 10,000 | $31.49 | 30,098 | D | — | — | |
| 2 | Common | Common Stock | 2023-08-21 | S | D | 10,000 | $58.99 | 20,098 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $58.635 to $59.33 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price. |
| 3 | Common | Common Stock | 2023-08-18 | S | D | 2,513 | $58.44 | 20,098 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $58.155 to $58.66 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price. (F3) Includes 495 shares of common stock acquired by the Reporting Person on March 31, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan. |
| 4 | Derivative | Employee Stock Options | 2023-08-21 | M | D | 10,000 | $0.00 | 40,394 | D | $31.49 · — to 2027-03-29 | 10,000 Common Stock | (F5) Options were granted to the Reporting Person on March 30, 2020 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2023, 37,796 options were vested and exercisable. |